Unisys Corporation New · NYSE:UIS
Unisys Corporation New — Unisys — Shareholder Meeting (May 2025)
19 slides from Unisys Corporation New's shareholder meeting presentation, May 2025
Slide 1: 2025 Annual Stockholder Meeting
2025 Annual Stockholder Meeting U unisys
Slide 2: 2025 Annual Stockholder Meeting Agenda
Unisys Corporation 2025 Annual Stockholder Meeting Agenda Call to order Cle Closing of the polls Organization of the meeting O6 Inspector's report on voting Presentation of the proposals O/ Adjournment Opening of the polls QOS Report on the State of the Company
Slide 3: Disclaimer
2025 ANNUAL STOCKHOLDER MEETING Disclaimer Statements made by Unisys during today’s presentation that are not historical facts, including those regarding future performance, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the
Slide 4: Michael M. Thomson, Chief Executive Officer and President
2025 Annual Stockholder Meeting Michael M. Thomson Chief Executive Officer and President TION, ALL RIGHTS RESERVED. CONFIDENTIAL ANDPROPRIETARY INFORMATION. 4
Slide 5: Full Year 2024 Financial Results
Full Year 2024 Financial Results (sm REVENUE (0.3%) YoY (0.3%) cc? YoY (0.6%) YoY (0.6%) cc? YoY $1,586 $1,577 Total Company Ex-L&S 2023 2024 2023 2024 GAAP & NON-GAAP" OPERATING PROFIT & MARGIN GAAP & NON-GAAP'DILUTED EARNINGS PER SHARE 8.8% $0.60 $0.45 ($2.79) ($6.31) 2023 2024 2023 2024 OPERATING
Slide 6: Full Year 2024 Segment Results
Full Year 2024 Segment Results DWS CA&l FY 24 Revenue ($M) $546 $524 $531 $527 2023 2024 2023 2024 ECS $648 $651 2023 2024 (0.8%) in constant currency Primarily driven by lower third party revenue and delayed project volume with specific clients (4.2%) in constant currency Primarily driven by lower
Slide 7: FY 2024 Revenue Profile
FY 2024 Revenue Profile Highly diverse revenue streams with large base of recurring revenue 21% L&S Solutions 1 MIX OF TOTAL COMPANY 719% REVENUE Ex-L&S Solutions Note: See Appendix for reconciliation of non-GAAP measures. Segments Geography Client Sector Type ECS CA&l DWS All Other US & Canada EMEA
Slide 8: Important 2024 Achievements
Important 2024 Achievements Financial Results WY Exceeded Profit Guidance Non-GAAP Operating Profit reached $176 million, an 8.8% margin, up 18O0bps YoY and exceeding the top end of the upwardly revised guidance range. Mi | Improved ExL&S Profitability Ex-L&S gross margin was 17.6%, a 250bps. improv
Slide 9: Significant Growth in Recognition by Industry Analysts
Significant Growth in Recognition by Industry Analysts
Slide 10: Thank you. Questions?
Thank you. Ouestions? UNISyS © 2025 UNISYS CORPORATION. ALL RIGHTS RESERVED. 10
Slide 11: Appendix
Appendix UNISyS © 2025 UNISYS CORPORATION. ALL RIGHTS RESERVED. 11
Slide 12: Excluding License and Support (Ex-L&S)
Excluding License and Support (Ex-L&S) $M FY24 FY23 REVENUE $ 2,008.4 $ 2,015.4 L&S REVENUE 431.5 4291 EX-L&S REVENUE $ 1,576.9 $ 1,586.3 GROSS PROFIT $ 585.9 $ 551.3 L&S GROSS PROFIT 308.3 311.3 EX-L&S GROSS PROFIT $277.6 $ 240.0 GROSS PROFIT MARGIN 29.2% 27.4% EX-L&S GROSS PROFIT MARGIN 17.6% 15.1
Slide 13: Non-GAAP Operating Profit
Non-GAAP Operating Profit $M FY24 FY23 GAAP OPERATING PROFIT (LOSS) $974 $76.9 GOODWILL IMPAIRMENT 39.1 - CERTAIN LEGAL MATTERS! 9.0 35,2 COST REDUCTION AND OTHER EXPENSES? 29.5 274 PENSION AND POSTRETIREMENT EXPENSE! 14 1.3 NON-GAAP OPERATING PROFIT $176.4 $140.8 REVENUE $ 2,008.4 $ 2,015.4 GAAP OP
Slide 14: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation FY24 FY23 NET INCOME (LOSS) ATTRIBUTABLE TO UNISYS CORPORATION ($193.4) ($ 430.7) NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTERESTS 0.2 3.6 INTEREST EXPENSE, NET OF INTEREST INCOME OF $5.8, $6.3, $23.2 AND $26.3, 87 45 RESPECTIVELY! PROVISION FOR INCOME TAXES
Slide 15: Non-GAAP Net Income
Non-GAAP Net Income $M EXCEPT SHARE AND PER SHARE DATA FY24 FY23 NET INCOME (LOSS) ATTRIBUTABLE TO UNISYS CORPORATION ($193.4) ($ 430.7) PENSION & POSTRETIREMENT EXPENSE PRETAX 182.2 388.5 TAX 0.6 (0.7) NET OF TAX $181.6 $ 389.2 GOODWILL IMPAIRMENT PRETAX 39.1 - TAX - - NET OF TAX $39.1 - CERTAIN LE
Slide 16: Non-GAAP Diluted Earnings Per Share
Non-GAAP Diluted Earnings Per Share $M EXCEPT SHARE AND PER SHARE DATA FY24 FY23 NON-GAAP NET INCOME ATTRIBUTABLE TO UNISYS CORPORATION $321 $417 WEIGHTED AVERAGE SHARES (THOUSANDS) 69,199 68,254 PLUS INCREMENTAL FROM ASSUMED VESTING OF EMPLOYEE STOCK PLANS - - ADJUSTED WEIGHTED AVERAGE SHARES (THOU
Slide 17: Free Cash Flow Reconciliations
Free Cash Flow Reconciliations $M FY24 FY23 CASH PROVIDED BY OPERATIONS $135.1 $74.2 ADDITIONS TO MARKETABLE SOFTWARE (475) (46.0) ADDITIONS TO PROPERTIES (16.0) (21.3) ADDITIONS TO OUTSOURCING ASSETS (16.3) (11.4) FREE CASH FLOW $55.3 ($ 4.5) PENSION AND POSTRETIREMENT FUNDING 271 48.0 PRE-PENSION
Slide 18: Definitions of Non-GAAP Financial Metrics
Definitions of Non-GAAP Financial Metrics Non-GAAP operating profit - This measure excludes pretax pension and postretirement expense, pretax goodwill impairment charge and pretax charges or gains associated with certain legal matters related to settlements, professional services and legal fees, inc
Slide 19: Definitions of Other Metrics and Terms
Definitions of Other Metrics and Terms Constant currency - A significant amount of the company’s revenue is derived from international operations. As a result, the company’s revenue has been and will continue to be affected by changes in the U.S. dollar against major international currencies. The co